Question: AR AB Bank pays 0.07 percent, compounded weekly based on 52 weeks), on an 8-month certificate of deposit. If you deposif $12000. what is the

AR AB Bank pays 0.07 percent, compounded weekly based on 52 weeks), on an 8-month certificate of deposit. If you deposif $12000. what is the effective annual rate. what is the amount of interest paid to you in 8 months?

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